According to the public record, Flat 4, 16, Cornwallis Terrace, Hastings is a period leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 16, Cornwallis Terrace, Hastings, TN34.
Cornwallis Terrace, Hastings, TN34 is located in the borough of Hastings within the TN34 postal district.
Flat 4, 16, Cornwallis Terrace, Hastings has 61 entries in the Land Registry database, most recently in November 2020 and a single entry in the EPC database dated June 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 4 16 Cornwallis Terrace Hastings as £141,920 and the rental value as £838 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 4 16 Cornwallis Terrace Hastings has increased by £3,611 (2.5%) and its rental value has increased by £48 per month (5.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 4, 16, Cornwallis Terrace, Hastings is in very good condition we estimate a sale value of £149,016 and rental value of £880 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,986 and a rental value of £780 per month.
If you were able to purchase this property for the estimated value of £141,920, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £697 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 4, 16, Cornwallis Terrace, Hastings was last sold on 30 Nov 2020 for £140,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Nov 2020, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 16, Cornwallis Terrace, Hastings within a radius of 410 metres over the last 2 years.
The most recent example is Flat 2, 38, Cambridge Gardens, Hastings, TN34 1EN, a Leasehold flat which sold for £145,000 in Nov 2022.
Read more about house prices in TN34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cornwallis Terrace, Hastings, TN34 has a total of 83 addresses. According to our analysis of all the public data, Flat 4, 16, Cornwallis Terrace, Hastings is the 41st largest and the 71st most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in TN34.
Flat 4, 16, Cornwallis Terrace, Hastings has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jun 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 4, 16, Cornwallis Terrace, Hastings is Hastings station which is 0 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 16, Cornwallis Terrace, Hastings, 77.6% of property is privately rented and 8.1% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 4, 16, Cornwallis Terrace, Hastings, 12.9% of residents are recorded as possessing school level qualifications and 18.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 4, 16, Cornwallis Terrace, Hastings, the average age was 40.9 and the most common age was 27.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 4, 16, Cornwallis Terrace, Hastings, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 4, 16, Cornwallis Terrace, Hastings, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.